During the year ended 30 June 2025, Trendline Pty Ltd incurred the following costs. The company charges

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During the year ended 30 June 2025, Trendline Pty Ltd incurred the following costs.image text in transcribed

The company charges factory overhead costs to work in process inventory and finished goods inventory, using an overhead application rate based on direct labour costs.
Required

(a) Determine the company’s overhead application rate.

(b) If the company’s ending finished goods inventory of $128 420 included $18 600 of direct materials costs, determine the inventory’s labour and overhead costs.

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Accounting

ISBN: 9780730382737

11th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie

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